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Mexican President Andrés Manuel López Obrador and President Donald Trump. Photos: Pedro Pardo/AFP and Mandel Ngan/AFP via Getty Images

Marcelo Ebrard, Mexico's foreign secretary, said Wednesday that he is in contact with the U.S. government following President Trump's announced plans to designate Mexican drug cartels as terrorist organizations.

What they're saying: Mexico's president characterized Trump's proposal as "interventionism" on Wednesday, emphasizing that he wanted to "avoid a political conflict," per the Washington Post. Ebrard tweeted that "Mexico will never accept any action that violates our national sovereignty," on Tuesday, following Trump's announcement.

How it works: Cartels labeled as terrorist organizations would be subject to special sanctions and increased scrutiny, which could apply to any institutions dealing with the cartel, including banks or government agencies, per the Post.

The big picture: Presidents Barack Obama and George W. Bush both weighed labelling Mexican drug cartels as terrorists, a former Mexican ambassador told the Post, but "backed down" after "they realized the economic and trade implications it would have on U.S.-Mexican ties."

Go deeper: Trump vows to designate Mexican drug cartels as terror organizations

Go deeper

Updated 5 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Top HHS spokesperson pitched coronavirus ad campaign as "helping the president" — Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases — Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  4. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.
Dan Primack, author of Pro Rata
3 hours ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Thursday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

3 hours ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.